Michigan's June Corn Stocks Are Lower Than Year Earlier

Michigan's June Corn Stocks Are Lower Than Year Earlier

Soybean stocks are 54% higher.

On June 1, 2011, Michigan corn stocks totaled 82.9 million bushels, 11% lower than a year ago, according to the USDA, NASS, Michigan Field Office. About 49% of the corn was stored on farms. The third quarter disappearance was 58.2 million bushels, compared with 61.9 million bushels a year earlier.

Soybean stocks on June 1, 2011, were 16.9 million bushels. That was 54% higher than stocks a year earlier. The third quarter indicated disappearance was 16.8 million bushels, compared with 15.6 million bushels during the same period last year. Farm stocks of soybeans were 5.2 million bushels.

Wheat stocks on June 1, 2011, were 21.2 million bushels, 5% above year ago. Approximately 97% of wheat stocks were in commercial storage. Fourth quarter indicated disappearance was 9.5 million bushels, compared with 5.7 million bushels during the same period last year.

U.S. corn stocks in all positions on June 1, 2011, totaled 3.67 billion bushels, down 15% from June 1, 2010. Of the total stocks, 1.68 billion bushels were stored on farms, down 21% from a year earlier. Off-farm stocks, 1.99 billion bushels, were down 9% from a year ago. The March - May 2011 indicated disappearance was 2.85 billion bushels, compared with 3.38 billion bushels during the same period last year. Soybeans stored in all positions on June 1, 2011, totaled 619 million bushels, up 8% from June 1, 2010.

Soybean stocks stored on farms totaled 218 million bushels, down 6% from a year ago. Off-farm stocks, 401 million bushels, were up 19% from last June. Indicated disappearance for March - May 2011 totaled 630 bushels, down 10% from the same period a year earlier. All wheat stored in all positions on June 1, 2011, totaled 861 million bushels, down 12% from a year ago.

On-farm stocks were estimated at 131 million bushels, down 38% from last June. Off-farm stocks, 730 million bushels, were down 5% from a year ago. The March - May 2011 indicated disappearance was 565 million bushels, up 48% from the same period a year earlier.

TAGS: USDA
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